Wall Street's Fear Gauge Lowest Since November 2019 Ahead Of The Fed, PPI Better Than Consensus
Portfolio Pulse from The Arora Report
The CBOE Volatility Index (VIX) has dropped to its lowest level since November 2019, indicating reduced market fear. The Producer Price Index (PPI) data came in better than consensus, with both headline and core PPI at 0.0% versus expectations of 0.1% and 0.2%, respectively. The Arora Report suggests that deflation in China is aiding the reduction of inflation in the U.S. The Federal Open Market Committee (FOMC) rate decision and Chair Powell's press conference are anticipated, with investors betting on multiple rate cuts in 2024. Argentina has devalued its currency by 54%, and foreign investors are optimistic about austerity measures. Early trade money flows are positive for AAPL, AMZN, GOOG, MSFT, SPY, and QQQ, but negative for NVDA, META, and TSLA. Gold and oil trading are active, with the momo crowd buying gold and selling oil. Bitcoin has stabilized above $40,000, with promoters optimistic post-Fed announcement.
December 13, 2023 | 3:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Meta Platforms Inc sees negative early trade money flows, indicating potential short-term downside.
Negative money flows in early trade suggest a short-term bearish sentiment for META, potentially leading to a decline in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA Corp faces negative early trade money flows, which could pressure the stock.
Negative money flows in early trade suggest a short-term bearish sentiment for NVDA, potentially leading to a decline in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tesla Inc's negative early trade money flows could signal a short-term dip in stock price.
Negative money flows in early trade suggest a short-term bearish sentiment for TSLA, potentially leading to a decline in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
United States Oil ETF faces early trade selling, which could pressure the ETF's price in the short term.
The momo crowd's selling activity in oil could lead to a short-term decrease in USO's price, especially in light of the recent draw in crude inventories.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Positive early trade money flows indicate investor optimism for Apple Inc.
Positive money flows in early trade suggest a short-term bullish sentiment for AAPL, potentially leading to a rise in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Amazon.com, Inc. experiences positive early trade money flows, reflecting investor confidence.
Positive money flows in early trade suggest a short-term bullish sentiment for AMZN, potentially leading to a rise in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SPDR Gold Trust sees buying interest in early trade, which may support the ETF's price in the short term.
The momo crowd's buying activity in gold could lead to a short-term increase in GLD's price, as gold is often seen as a safe-haven asset.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Alphabet Inc Class C sees positive early trade money flows, indicating a bullish investor stance.
Positive money flows in early trade suggest a short-term bullish sentiment for GOOG, potentially leading to a rise in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Microsoft Corp benefits from positive early trade money flows, suggesting investor optimism.
Positive money flows in early trade suggest a short-term bullish sentiment for MSFT, potentially leading to a rise in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Invesco QQQ Trust Series 1 shows positive early trade money flows, indicating bullish sentiment for tech-heavy ETF.
Positive money flows in early trade for QQQ suggest a short-term bullish sentiment for the tech sector, potentially leading to an increase in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Silver Trust may benefit from similar trends as gold, with potential short-term price support.
As gold and silver often move in tandem, the positive sentiment in gold could spill over to SLV, potentially leading to a short-term price increase.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
SPDR S&P 500 ETF Trust experiences positive early trade money flows, reflecting broader market optimism.
Positive money flows in early trade for SPY suggest a short-term bullish sentiment for the broader market, potentially leading to an increase in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80